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Gold/Mining/Energy : Coal
COAL 22.32+0.7%Nov 5 4:00 PM EST

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To: Selectric II who wrote (1742)2/6/2024 8:14:44 PM
From: Rarebird1 Recommendation

Recommended By
Selectric II

   of 2027
 
I have always viewed ARLP as a defensive asset for the portfolio..

I would not even consider going long ARLP again until the Slow Stochastics trades below 20.

My major concern with ARLP was that it topped out intermediate term at $22.80 back in October 2023 while the broad market bottomed out.

There are a strong of lower highs since then.

You have to be careful with very high paying dividend stocks that pay their dividends on a quarterly basis.

I say this because many in the financial markets will dump their stock after the ex-dividend date.

They rarely do this on monthly dividend payers, but they often do this on quarterly payers.

I never received a dividend from ARLP.

I sell before the ex-dividend date.

I originally had a target of $24 for ARLP.

I will let you know if/when I get back in.

There is more downside to come.

schrts.co
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